Filed September 13, 2022
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $173,636 | $129,737+33.8% | $119,126+45.8% | $154,746+12.2% |
| Participation rate | 47.1% | 78.9%-31.8pp | 75.8%-28.7pp | 80.7%-33.6pp |
| Annual return | 18.19% | 379.08%-360.9pp | 282.11%-263.9pp | 172.34%-154.1pp |
| Employer contribution / active EE | $1,991 | $4,375-54.5% | $4,034-50.7% | $4,379-54.5% |
| Participant deferral / active EE | $5,564 | $5,842-4.8% | $5,318+4.6% | $6,730-17.3% |
| Admin fee / account holder | $1,528 | $11,961-87.2% | $10,693-85.7% | $14,365-89.4% |